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Khushaal Kisaan
Saving Account

Banking Solution with Halal Profits for Agriculturists, Farmers and Traders.

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Category

Enjoy halal profits with Faysal Islami Khushaal Kisaan Saving Account. Based on the Mudarabah principle, this account has been designed for the agriculture sector, offering unmatched free services and transactional benefits.

Features

  • Basic Waivers – avail the following “Free” benefits:

    • Cheque Book

    • Pay Orders

    • PayPak Debit Card on issuance

    • SMS Alerts

    • Online Transfers & ATM withdrawals

    • Account Statements

    • Unlimited Transactions Facility

    • Free Same Day Inter-City Clearing

    • Special discounts on Agriculture Financing

    • Profit calculated on the average monthly balance & paid monthly

  • Additional Waivers

    • 50% off on first year Lockers issuance

    • Concessional rates in Consumer Products

    • Fund Transfer Limit Enhancement & Pay Order Generation via Faysal Bank DigiBank App

Please note: Any free offerings / features to current / saving accounts are at Bank’s sole discretion and Bank reserves the right to discontinue at any point of time.

*Terms & Conditions Apply

Note: All Taxes and Zakat are applicable as per Government regulations. Other account maintenance and transactional charges apply as per Faysal Islamic Banking Schedule of Charges (SOC).

Eligible Customers

Suitable for Farmers, Arhti (Middleman), Commission Agents & Agriculture Traders

How it Works

Means a kind of partnership, where Faysal Islamic Banking is the “Mubarib” (manager of the funds) and the customer is the “Rabb-ul-Maal” (owner of funds). The bank as the Mudarib may invest or disinvest, at its sole discretion the customer’s deposits in Shariah complaint modes such as Ijarah, Murabaha, Musharakah, etc. The rate of profit on the deposit will be determined through a Shariah approved mechanism for calculation of weightages which will be announced at the beginning of each calendar month and shall be applicable for that month only. The depositors will share in the profit earned through financing in different Islamic modes of financing. Losses, if any, will be shared in the proportion of investment by each depositor.

Document Required

Farmers (Crop Production)
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Passbook OR

  • Fard e Malkiyat OR

  • Khasra Gardawri OR

  • Bonafide Certificate (Issued by Sugar Mills to Sugarcane Growers) OR

  • Electronic Warehouse Receipt (Issued by collateral management companies) OR

  • Any other documents (if required).

Fish/Dairy/Poultry Farmers
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Letter Head OR

  • Passbook OR

  • Fard e Malkiyat OR

  • Any other documents (if required).

Traders
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Letter Head

  • Any other documents (if required).

Commission Agent
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Letter Head / Bonafide Certificate (Issued by the concerned trader) OR

  • Any other documents (if required).

Arhti (Middle Man)
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Registration Certificate/Letter/Number (Issued by concerned Mandi) OR

  • Any other documents (if required).

Any other Individual / Corporate associated with Agriculture
  • Valid attested copy of Identity Documents:

    • Computerized/Smart National Identity card (CNIC/SNIC)

    • National Identity Card for Overseas Pakistanis (NICOP)

    • Pakistan Origin Card (POC)

    • Alien Registration Card (ARC)

    • Passport

  • Agriculturist undertaking on Rs 100 stamp paper

  • Standard documents confirming the business and its linkage with Agriculture

  • Any other documents (if required).

Important Links

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